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Report Date : |
25.11.2013 |
IDENTIFICATION DETAILS
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Name : |
TOSC JAPAN LTD |
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Registered Office : |
Daiichi Bldg 5F, 2-10 Kanda-Tsukasacho Chiyodaku Tokyo 101-0048 |
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Country : |
Japan |
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Financials (as on) : |
31.08.2012 |
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Date of Incorporation : |
September, 1997 |
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Com. Reg. No.: |
0100-01-024586 (Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of water treatment
facilities, their components/parts |
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No. of Employees : |
19 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Japan - ECONOMIC OVERVIEW
In the years following World War II, government-industry
cooperation, a strong work ethic, mastery of high technology, and a
comparatively small defense allocation (1% of GDP) helped Japan develop a
technologically advanced economy. Two notable characteristics of the post-war
economy were the close interlocking structures of manufacturers, suppliers, and
distributors, known as keiretsu, and the guarantee of lifetime employment for a
substantial portion of the urban labor force. Both features are now eroding
under the dual pressures of global competition and domestic demographic change.
Japan's industrial sector is heavily dependent on imported raw materials and
fuels. A small agricultural sector is highly subsidized and protected, with
crop yields among the highest in the world. While self-sufficient in rice
production, Japan imports about 60% of its food on a caloric basis. For three
decades, overall real economic growth had been spectacular - a 10% average in
the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth
slowed markedly in the 1990s, averaging just 1.7%, largely because of the after
effects of inefficient investment and an asset price bubble in the late 1980s
that required a protracted period of time for firms to reduce excess debt,
capital, and labor. Modest economic growth continued after 2000, but the
economy has fallen into recession three times since 2008. A sharp downturn in
business investment and global demand for Japan's exports in late 2008 pushed
Japan into recession. Government stimulus spending helped the economy recover
in late 2009 and 2010, but the economy contracted again in 2011 as the massive
9.0 magnitude earthquake and the ensuing tsunami in March disrupted
manufacturing. The economy has largely recovered in the two years since the
disaster, but reconstruction in the Tohoku region has been uneven.
Newly-elected Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has pledged to reconsider his predecessor's plan
to permanently close nuclear power plants and is pursuing an economic
revitalization agenda of fiscal stimulus and regulatory reform and has said he
will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 stood as the fourth-largest economy in the world after second-place
China, which surpassed Japan in 2001, and third-place India, which edged out
Japan in 2012. The new government will continue a longstanding debate on restructuring
the economy and reining in Japan's huge government debt, which exceeds 200% of
GDP. Persistent deflation, reliance on exports to drive growth, and an aging
and shrinking population are other major long-term challenges for the economy.
|
Source
: CIA |
TOSC
JAPAN LTD
REGD
NAME: Tosc KK
MAIN
OFFICE: Daiichi Bldg 5F, 2-10
Kanda-Tsukasacho Chiyodaku Tokyo 101-0048 Japan
Tel: 03-3251-7651 Fax: 03-3251-7655
E-Mail address: (thru the URL)
Import, export, wholesale of water treatment
facilities, their components/parts
Osaka, Kawaguchi (Saitama)
SHUN’ICHI TANAKA, PRES
Y Yan, dir
Sumio Tomita, dir
Yen Amount: In
million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 945 M
PAYMENTS NO
COMPLAINTS CAPITAL Yen 10 M
TREND UP WORTH Yen 290 M
STARTED 1997 EMPLOYES 19
TRADING FIRM SPECIALIZING IN WATER TREATMENT
FACILITIES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by
Shun’ichi Tanaka in order to make most of his experience in the subject line of
business. This is a trading firm for
import, export and wholesale of water treatment facilities, their components
& parts. Goods are more imported
than exported.
Financials are only partially disclosed.
The sales volume for Aug/2012 fiscal term
amounted to Yen 945 million, a 5% up from Yen 900 million in the previous
term. Water treatment facilities were
much more in demand after the Great East Earthquake that hit Japan in
Mar/2011. The net profit was posted at
Yen 35 million, compared with Yen 30 million a year ago.
For the term that ended Aug 2013 the net
profit was projected at Yen 35 million, on a 3% rise in turnover, to Yen 975
million. Final results are yet to be
released.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Date
Registered: Sept 1997
Regd
No.: 0100-01-024586
(Tokyo-Chiyodaku)
Legal
Status:
Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued:
200 shares
Sum:
Yen
10 million
Major
shareholders (%): GE (USA) (50), Shun’ichi Tanaka (30)
No. of Shareholders: 5
Nothing detrimental is known as to the
commercial morality of executives.
Activities: Imports, exports
and wholesales water treatment facilities, their components & parts
(--100%)
Clients: [Mfrs,
wholesalers] Organo Corp, Samsung Japan, Morinaga Engineering Co, Morinaga Milk
Ind, Meiji Co Ltd, Kurita Water Ind Ltd, Aquas Co, Mitsubishi Kakoki Kaisha,
other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Pentair Residential Filtration LLC, GE Water Technologies, Pentair
Water Technologies, Wave Cyber Inc, Applied Membranes Co Ltd, Clark Corp,
Hyflux Co, Mattson, other
Payment
record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank
References:
MUFG (Ohdenmacho)
Mizuho Bank (Kanda)
Relations: Satisfactory
(In
Million Yen)
|
Terms
Ending: |
|
31/08/2013 |
31/08/2012 |
31/08/2011 |
31/08/2010 |
|
Annual Sales |
|
975 |
945 |
900 |
780 |
|
Recur. Profit |
|
.. |
.. |
.. |
.. |
|
Net Profit |
|
35 |
35 |
30 |
25 |
|
Total Assets |
|
|
N/A |
N/A |
N/A |
|
Net Worth |
|
|
290 |
255 |
225 |
|
Capital, Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.17 |
5.00 |
15.38 |
2.63 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
3.59 |
3.70 |
3.33 |
3.21 |
|
Notes: Financials are only partially
disclosed.
Forecast (or estimated) figures for the
31/08/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.02 |
|
|
1 |
Rs.102.04 |
|
Euro |
1 |
Rs.84.92 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation
is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.